Bangladesh Bank has verbally instructed commercial banks to further reduce the rate at which they purchase US dollars, in a continued effort to manage stability in the foreign exchange market, according to official sources. Under the latest instruction, commercial banks have been directed to cap the buying rate for remittances from money exchange houses at […]

City Bank PLC and Water.org have entered a two-year partnership in Bangladesh to improve access to safe drinking water and sanitation facilities through expanded financing for micro, small and medium enterprises (MSMEs) and microfinance institutions (MFIs) operating in the Water, Sanitation and Hygiene (WASH) sector. Under the arrangement, entrepreneurs in remote and underserved areas will […]

Community Bank Bangladesh PLC has formally launched an Entrepreneurship Development Program (EDP) under the Skills for Industry Competitiveness and Innovation Program (SICIP) at its Training Academy, marking another step in strengthening structured entrepreneurship training in Bangladesh. The programme is being carried out under the Government of the People’s Republic of Bangladesh, with Bangladesh Bank serving […]